(Reuters) – First Citizens Bank & Trust Co will buy all of Silicon Valley Bank’s deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a state[...]
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Africa
World Bank seeks more private cash as yearly needs balloon to $2.4 trillion
(Reuters) – World Bank President David Malpass set out on Thursday a new road map for private sector participation in project financing across emerging and developing economies as yearly financi[...]
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Streaming boosts recorded music revenue, China market growing
LONDON (Reuters) – Global recorded music revenues rose 9% last year to $26.2 billion, with growth registered in every region and an increase in paid subscription streaming helping drive sales, a[...]
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Iraq, OPEC stress need to coordinate to stabilise prices
CAIRO (Reuters) – Iraq’s Prime Minister Mohammed Shia al-Sudani and OPEC Secretary General Haitham Al Ghais stressed the need to coordinate among oil-exporting nations to ensure prices do[...]
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Stellantis invests 200 million euros to produce Fiat cars in Algeria
PARIS (Reuters) – Carmaker Stellantis will spend more than 200 million euros ($213.32 million) to manufacture four Fiat models in Algeria, it said on Sunday. Construction of the plant will be co[...]
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Investors pile into cash but “no equity capitulation” – BofA
By Lucy Raitano LONDON (Reuters) – Investors snapped up cash at the highest weekly rate since April 2020 in the week to March 15, according to BofA Global Research on Friday, against a tumultuou[...]
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Nigeria tops list of countries withholding airline funds, IATA says
LAGOS (Reuters) – Nigeria is withholding $743 million in revenue earned by international carriers operating in the country, the highest amount owed by any nation, a spokesperson for the global a[...]
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Frontier countries to suffer most if Fed rate gets to 6% -analysts
By Rodrigo Campos NEW YORK (Reuters) – Emerging markets are facing their demons as traders mull whether U.S. Federal Reserve interest rates will rise as high as 6%, a level that could kick weake[...]
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China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain
By Jorgelina do Rosario LONDON (Reuters) -China’s pledge to support Sri Lanka’s debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity[...]
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